Active Listing  ·  10 days on market

4104 Prosper Ln

Austin, TX 78731
$1,295,000
4 Bed 4 Bath 3,231 sqft $401/sqft Built 2022 0.06 acres 2-Car Garage Pool GROVE MASTER CONDOMINIUMS

4104 Prosper Lane provides a sophisticated lock-and-leave, low-maintenance lifestyle in The Grove, one of Central Austin’s most desirable walkable communities. Built in 2022 by Milestone Community Builders, this sought-after 2-story end-unit features a first-floor primary suite and an upstairs game room. Positioned along Bull Creek Road, it enjoys The Grove’s amenities while retaining a connection to surrounding established neighborhoods. The main level features a spacious primary suite with two walk-in closets, dual vanities, a freestanding soaking tub, and a walk-in shower. The well-appointed kitchen centers around a large island with bar seating and includes a gas cooktop, double ovens, an undercounter beverage refrigerator, and a walk-in pantry. The utility hallway includes additional storage, a drop zone, and a half bath leading to the 2-car garage. Upstairs, three secondary bedrooms, two full bathrooms, and a generous game room that provides flexibility. You’ll enjoy an oversized walk-in storage closet and dedicated laundry room with cabinetry and a sink. Notable enhancements include Hunter Douglas motorized shades throughout the first floor, a Control4 audio system with in-ceiling speakers, zoned HVAC, and a tankless water heater. Outside, the fenced yard features two porches: a front porch overlooking the neighborhood and a private side porch off the kitchen and living area. Enhanced landscaping and a steel trellis provide privacy. The Grove combines walkability, amenities, and community. Pedestrian-friendly streets connect residents to restaurants, shops, green spaces, fitness studios, a market, and wellness services. Signature Park features walking paths, a pond, playground, picnic spaces, and a dog park, with a pedestrian bridge to nearby neighborhoods and the Shoal Creek Trail. With quick access to Downtown Austin, MoPac, and the airport, this address delivers an appealing balance of neighborhood living and urban convenience.

At $401/sqft, this home is priced 3% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

4104 Prosper Ln, Austin, TX 78731

Property Details

Price $1,295,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,231 sqft
Lot Size 0.06 acres (2,570.04 sqft)
Year Built 2022
Garage 2 spaces
Stories ,
Type Residential · Condominium
Subdivision GROVE MASTER CONDOMINIUMS
County Travis
Zip Code 78731
$/sqft $401/sqft
Days on Market ,
HOA $442.19/Monthly
Annual Tax Est. $20,481.24
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248923181
List Date October 13, 2026
Elementary School Bryker Woods
Middle School O Henry
High School Austin
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
4208 Endurance Way
Grove Master Condos
$1,295,000 $348 4 bd / 5 ba 3,717 sqft , 2026-09-14
1809 W 39th St #A/B
Ridgelea
$1,275,000 $407 5 bd / 3 ba 3,132 sqft , 2026-07-15
4012 Emory Peak Pass
The Grove
$1,229,000 $391 4 bd / 5 ba 3,147 sqft , 2026-03-03
4008 Montage Pass
Grove
$1,378,221 $421 3 bd / 4 ba 3,270 sqft , 2026-07-15
4204 Endurance Way
The Grove
$1,199,990 $367 3 bd / 4 ba 3,270 sqft , 2026-10-16

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$6,216/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$259,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$6,216
Principal + Interest−$7,067
Property Tax (~2.1% TX avg)−$2,266
Insurance (~0.5%)−$540
Est. Monthly Cash Flow $-3,657

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on October 14, 2026.

📞 (254) 718-2567 [email protected] More about Luke →